The story of this market
The typical home in ZIP 53024 sells for about $545,000, or $185 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,228 a month.
ZIP 53024 — Grafton
The housing market in 53024 remains stable with steady price appreciation and low inventory levels. Demand is driven by the area's high quality of life and proximity to Milwaukee, keeping the market competitive for buyers.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and convenient access to Milwaukee's employment hubs.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 3.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 53024, Ozaukee County WI
Crime rates in Grafton are generally low, with the area experiencing significantly lower violent and property crime rates compared to the national average.
The area is served by the Grafton School District, which is consistently rated highly for academic performance and student support services.
The region faces moderate risks related to winter weather and occasional severe storms, with standard flood insurance requirements for properties located in designated floodplain areas.
Grafton maintains steady economic momentum with a mix of local retail, manufacturing, and proximity to the greater Milwaukee employment corridor.
Property taxes are assessed at the municipal and county levels, with rates determined by the local school district and municipal budget requirements; Wisconsin does not have a state-level property tax.
Residents primarily commute via I-43, providing a direct route to downtown Milwaukee, typically taking 25-35 minutes depending on traffic.
The area features extensive outdoor amenities including the Lime Kiln Park, the Milwaukee River for kayaking, and several local golf courses and shopping centers along the Wisconsin Avenue corridor.
The rental market is characterized by low vacancy rates and steady demand, driven by a mix of long-term residents and professionals commuting to the Milwaukee metro area.
The local economy is supported by a diverse base of manufacturing, healthcare, and retail sectors, with many residents employed in the broader Milwaukee metropolitan area.
Ongoing development focuses on expanding residential housing stock and improving commercial infrastructure along the I-43 corridor.
Parcels are subject to Grafton School District taxes and local municipal levies; no major MUD/PID districts are prevalent.
Property insurance premiums are stable, though homeowners are advised to maintain coverage for wind and hail damage common in the region.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features historic lime kilns and access to the Milwaukee River.
Major retail and dining hub serving the local community.
Public-access golf course located within the ZIP.
Key-figure check: median price diverges 32.8% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $366,300 (32.8% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $366,300 (-32.8% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.